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Brokers' take

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Utilities saw a 7 per cent y-o-y drop in turnover to S$895 million, mainly due to lower high sulphur fuel oil (HSFO) prices in Singapore, but this was partially mitigated by higher contribution from India.

Jumbo Group | Buy

Target price: S$0.58

May 5 close: S$0.49

Maybank Kim Eng, May 4

WE visited Jumbo's newest restaurant at the IFC Mall in Shanghai last week and came away encouraged by what we observed. We